JAWAT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JAWAT
Largest movements
- Cash +€32,035
up €32,035 (+39.4%), from €81,236 to €113,271
mainly Depreciation (+€48,213) and Receivables within one year (+€19,431)
- Receivables within one year -€19,431
down €19,431 (-84.7%), from €22,931 to €3,500
of which Trade receivables: -€22,431
- Intangible fixed assets -€14,667
down €14,667 (-60.4%), from €24,277 to €9,610
- Stocks and contracts -€13,125
down €13,125 (-49.1%), from €26,752 to €13,627
- Tangible fixed assets -€8,956
down €8,956 (-4.8%), from €185,195 to €176,239
of which Other tangible fixed assets: -€11,040
- Debts after one year -€35,357
down €35,357 (-35.0%), from €100,909 to €65,552
- Trade debts -€11,955
down €11,955 (-13.8%), from €86,435 to €74,480
- Profit (loss) carried forward +€11,349
up €11,349 (+659%), from €1,722 to €13,071
- Tax, wage and social debts +€10,440
up €10,440 (+14.4%), from €72,708 to €83,149
of which Taxes: +€14,535
- Gross operating margin +€92,517
up €92,517 (+19.3%), from €478,612 to €571,130
- Staff costs +€86,619
up €86,619 (+21.4%), from €404,892 to €491,511
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €343,205 | €319,401 | -€23,804 | -6.9% |
| Fixed assets | 21/28 | €209,472 | €185,849 | -€23,622 | -11.3% |
| Intangible fixed assets | 21 | €24,277 | €9,610 | -€14,667 | -60.4% |
| Tangible fixed assets | 22/27 | €185,195 | €176,239 | -€8,956 | -4.8% |
| Plant, machinery and equipment | 23 | €19,130 | €16,179 | -€2,952 | -15.4% |
| Furniture and vehicles | 24 | €13,330 | €18,367 | +€5,036 | +37.8% |
| Other tangible fixed assets | 26 | €152,734 | €141,694 | -€11,040 | -7.2% |
| Current assets | 29/58 | €133,733 | €133,551 | -€182 | -0.1% |
| Stocks and contracts in progress | 3 | €26,752 | €13,627 | -€13,125 | -49.1% |
| Stocks | 30/36 | €26,752 | €13,627 | -€13,125 | -49.1% |
| Amounts receivable within one year | 40/41 | €22,931 | €3,500 | -€19,431 | -84.7% |
| Trade receivables | 40 | €22,931 | €500 | -€22,431 | -97.8% |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €81,236 | €113,271 | +€32,035 | +39.4% |
| Deferred charges and accrued income | 490/1 | €2,814 | €3,153 | +€339 | +12.0% |
| Total equity and liabilities | 10/49 | €343,205 | €319,401 | -€23,804 | -6.9% |
| Equity | 10/15 | €41,722 | €53,071 | +€11,349 | +27.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,722 | €13,071 | +€11,349 | +659% |
| Amounts payable | 17/49 | €301,483 | €266,329 | -€35,154 | -11.7% |
| Amounts payable after more than one year | 17 | €100,909 | €65,552 | -€35,357 | -35.0% |
| Financial debts | 170/4 | €100,909 | €65,552 | -€35,357 | -35.0% |
| Amounts payable within one year | 42/48 | €200,574 | €200,777 | +€203 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €33,814 | €35,357 | +€1,543 | +4.6% |
| Financial debts | 43 | €7,616 | €6,581 | -€1,035 | -13.6% |
| Credit institutions | 430/8 | €7,616 | €6,581 | -€1,035 | -13.6% |
| Trade debts | 44 | €86,435 | €74,480 | -€11,955 | -13.8% |
| Suppliers | 440/4 | €86,435 | €74,480 | -€11,955 | -13.8% |
| Taxes, remuneration and social security | 45 | €72,708 | €83,149 | +€10,440 | +14.4% |
| Taxes | 450/3 | €14,186 | €28,721 | +€14,535 | +102% |
| Remuneration and social security | 454/9 | €58,522 | €54,428 | -€4,095 | -7.0% |
| Other amounts payable | 47/48 | - | €1,210 | +€1,210 | |
| Non-recurring operating income | 76A | €27,972 | €484 | -€27,487 | -98.3% |
| Remuneration, social security and pensions | 62 | €404,892 | €491,511 | +€86,619 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,007 | €48,213 | -€1,794 | -3.6% |
| Other operating charges | 640/8 | €1,352 | €3,337 | +€1,985 | +147% |
| Non-recurring operating charges | 66A | €11,973 | €1,010 | -€10,963 | -91.6% |
| Gross operating margin | 9900 | €478,612 | €571,130 | +€92,517 | +19.3% |
| Operating profit (loss) | 9901 | €10,388 | €27,058 | +€16,670 | +160% |
| Financial income | 75/76B | €1,058 | €163 | -€895 | -84.6% |
| Recurring financial income | 75 | €1,058 | €163 | -€895 | -84.6% |
| Financial charges | 65/66B | €10,325 | €13,677 | +€3,352 | +32.5% |
| Recurring financial charges | 65 | €10,325 | €13,677 | +€3,352 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €1,120 | €13,544 | +€12,424 | +1,109% |
| Income taxes | 67/77 | €1 | €2,195 | +€2,194 | +235,892% |
| Profit (loss) for the period | 9904 | €1,119 | €11,349 | +€10,230 | +914% |
| Profit (loss) for the period to be appropriated | 9905 | €1,119 | €11,349 | +€10,230 | +914% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.